Frog business blooms in Nigeria

A new delicacy may have hopped on to the Nigerian menu as traders from across the country are queuing up to buy frogs at Dorawa Salau Kadawa, a village in Garun Mallam Local Government Area of Kano State. On a visit to the frogs market, PREMIUM TIMES correspondent observed people from different parts of Nigeria purchasing the reptile in large quantities to take back home. The buyers have erected camps at the village and brought a bloom to its economy. According to some of the patrons, however, the trade in…

Read More

Why We Are Supporting NESG, By Sterling Bank

  Sterling Bank Plc has renewed its commitment to the promotion of Made-In-Nigeria goods and services as it supports the 2016 edition of the Nigerian Economic Summit (NES#22). The summit themed ‘Made in Nigeria’ is scheduled to hold from October 10 to 12, 2016 at the Transcorp Hilton Hotel, Abuja.   Sterling Bank in a statement made available to newsmen in Lagos at the weekend assured that it would continue to invest in and partner with like minds to promote the production and consumption of locally made goods and services…

Read More

Jonathan’s reckless spending caused recession – Obasanjo

Former President Olusegun Obasanjo on Saturday accused the immediate past President, Dr. Goodluck Jonathan, of ignoring warnings about a looming recession and the consequences of the “reckless” spending of his government. Obasanjo said in Abeokuta, the Ogun State capital, that two years ago when he saw signs that Nigeria was walking down the path of recession and the way the powers that be were expending the nation’s resources, he drew Jonathan’s attention to the danger ahead, but was ignored. The former president spoke during a lecture organised by the Youth…

Read More

Dangote Reveals 2 Things Buhari Must Do To Stop Economic Recession 

Africa’s richest man, Aliko Dangote has revealed the two things President Muhammadu Buhari must do to reverse the current economic recession. Nigerian Television Authority (NTA) quoted Dangote as advising Buhari in a CNBC interview to embark on a wave of asset selling to boost the recession-hit economy. He also says the government needs to show more political willpower to be in a better position to tackle economic recession. Africa’s richest man, Alhaji Aliko Dangote, has unveiled what President Buhari must do to end economic recession. “I think the real challenge…

Read More

Economic Recession: Speaker Dogara Asks Nigerians To Be Patient

The Speaker of the House of Representatives in Nigeria, Mr Yakubu Dogara, has asked citizens to be patient and have unwavering confidence in the future of the nation’s economy which is in recession. He reassured them that the Federal Government would find solutions to the current economic recession.Mr Dogara made the call in Abeokuta, the Ogun State capital on Friday after a meeting with the Ogun State Governor, Mr Ibikunle Amosun, at the Government House in the state’s capital… Reacting to the state of emergency on the economy by the…

Read More

Foreign airlines in Nigeria refuel in Accra

Foreign airlines flying to Nigeria have started to refuel in Accra and other places to avoid buying expensive and scarce jet fuel in Nigeria. The crash in the naira since a devaluation in June has led firms who market jet fuel locally, such as Total, Sahara and ConocoPhillips, to double the price to 220 naira a litre in August, and to as much as 400 naira this month, an airline executive said. Even at the higher costs, marketers’ lack of dollars has made fuel scarce. Some carriers have had aircraft…

Read More

EFCC recovers N46bn from oil marketers

EFCC has reportedly recovered N46 billion from oil marketers in a probe of massive fraud in oil lifting in the Nigerian National Petroleum Corporation NNPC. According to The Nation, the marketers whose names are yet to be disclosed because the investigation is yet to be concluded, lifted products without paying a dime to the defunct Petroleum Products and Marketing Company (PPMC), a subsidiary of the NNPC now known as the National Petroleum Marketing Company(NPMC). A top source in EFCC, who spoke in confidence said“When we conducted our investigation, we discovered…

Read More

In Korea, women gave their golds to their govt to sell so they could come out of their economic difficulty- Buhari’s economic adviser

Special Adviser to President Buhari on Economic matters, Adeyemi Dipeolu, in an interview with Channels TV, says that for Nigeria to come out from its current economic recession, all hands must be on deck. According to Dipeolu, when Korea faced economic recession in 1997/98, he saw pictures where the women in the country came out to give their gold to their government to sell so they could generate money and come out of their economic difficulties. “We have to realize that economics is not Physics. You have to think flexibly…

Read More